Foreign investors have increased their investment rapidly in these 5 companies, there may be a big jump in the stock
Foreign investors showed more interest in Indian companies during the April-June quarter, leading to a sharp increase in the stakes of these entities in five companies. This rise is even after it remained net short of shares for the past nine months before turning long from the end of July this year. Market experts believe that each time foreign investors increase their stake in a company, it accelerates. In such a situation, these five stocks may rise. In such a situation, in the next few days, the Indian market may once again reach a new high.
According to data compiled by Prabhudas Lilladher, foreign investors increased their stake in RHI Magnesita India Ltd to 2.2% from 0.64% as of March 31. While the stake in Esab India Ltd increased from 0.21% to 0.64%, in Tata Coffee Ltd it increased from 0.71% to 1.78%, in Hindustan Copper Ltd it increased by 0 .67% to 0.31% and in Mangalore, according to the data. That of Refinery and Petrochemicals Ltd., it went from 0.77% to 1.6%.
There are other public entities such as India Bank, Rashtriya Chemicals and Fertilizers Limited, etc., where the share of REITs has increased. Experts believe that the increase in holdings is due to the shift in interest in value stocks. The inflow of foreign investors into Indian stocks has exceeded Rs 21,000 crore since July 28. After selling stocks for nearly nine months, foreign investors turned buyers from late July.
Experts believe that foreign investors have returned to the Indian market as India is the preferred destination as the country has the best growth potential among the major economies in the world. REITs have become net buyers in autos, capital goods, consumer staples and telecoms.